FY24 Q4 Performance Report

MARKET RELEASE

Date: 19 July 2024
NZX: GNE / ASX: GNE
FY24 Q4 Performance Report

A constrained wholesale gas market and declining hydro storage have meant that additional thermal
generation from Huntly was required through FY24 Q4. Generation from Huntly’s Rankine units was
up 638 GWh on the prior comparable period (pcp)
1
. With energy shortages expected to continue,
Genesis has reprioritised resources returning three Rankine units in July to run for up to three months
as required, in conjunction with Unit 5. Operation of the reserve Rankine unit is contingent on ongoing
staffing, unit reliability and fuel availability.

As a result of gas shortages and hydro levels, solid fuel supply at Huntly declined to 231 kT in the
period. Additional coal supplies have been purchased and the first imports were delivered to Huntly
in July 2024. Genesis intends to hold a stockpile of approximately 350 kT. Additional stocks will only
be held to support contracts with other market participants. The sale process for Huntly Firming
Options contracts, which enable participants to contribute to fuel security, is nearing conclusion with
final negotiations ongoing with multiple bidders.

Genesis’ retail business continued its strong performance during the quarter, with growth in customer
numbers and a 3.5% increase in the volume of electricity sold. The first stage of the review of its retail
operating model was also concluded. In line with plans, 130 FTE were disestablished across
employees, contractors and vacancies. During this period additional resources were added to
strategically aligned areas such as trading, fuels strategy and asset development. Time bound roles
committed to digital projects increased in line with strategy. The Company remains on track for a 200
FTE reduction in core business positions by FY26.

Lauriston Solar Farm

Construction is progressing well for the Genesis-FRV joint venture solar farm at Lauriston, Canterbury.
Following site establishment work in the first half of the year, piling is nearing completion and key
equipment, including the majority of solar panels, are on site. EA Networks connection works are
progressing well and first generation remains on track for Q2 FY25.

ENDS

For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

For media enquiries, please contact:
Estelle Sarney
External Communications Manager
M: 027 269 6383






About Genesis Energy

1
Prior comparable period refers to Q4 FY23.

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,
reticulated natural gas and LPG through its retail brands of Genesis and Frank and is one of New Zealand’s largest
energy retailers with approximately 500,000 customers. The Company generates electricity from a diverse
portfolio of thermal and renewable generation assets located in different parts of the country. Genesis also has
a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New
Zealand. Genesis had revenue of $NZ2.4 billion during the 12 months ended 30 June 2023. More information
can be found at www.genesisenergy.co.nz

---

FY24 Q4
Performance Report
19July 2024

FY24 Q4 Performance Highlights
Retail
1,536 GWh
Total Electricity Sales
WholesaleKupe
2
54 GWhincrease on pcp
1
496,596
Total Customers
2.7% increase on pcp
$150/MWh
Electricity Netback
5.3% decrease on pcp
743 GWh
Rankine Generation
638 GWhincrease on pcp
$224/MWh
PPA Price Received
Coal Stockpile
730 ktdecrease on pcp
1.Pcp refers to Q4 FY23 unless otherwise stated.
2.Refers to Genesis’ 46% share.
Genesis Energy Limited FY24 Q4 Performance Report 2.
2.0 PJ
Flat to pcp
8.7 kt
0.3 kt decrease on pcp
231 kt
Oil Production
Kupe LPG Sales
Kupe Gas Sales
$166/MWh increase on pcp
43 kbbl
3.2% increase on pcp

HYDROLOGY (GWH)
Q4 FY24Q4 FY23
Hydro
Generation
530
873
Hydro
Inflows
573
891
Closing
St orage
260
( 85% of ave rage )
486
( 159% of ave rage )
Genesis Energy Limited FY24 Q4 Performance Report 3.
Aconstrainedwholesalegasmarketanddeclininghydrostoragehavemeantthatadditional
thermalgenerationfromHuntlywasrequiredthroughFY24Q4. GenerationfromHuntly’s
Rankineunitswasup638GWhonthepriorcomparableperiod(pcp). Withenergyshortages
expectedtocontinue,GenesishasreprioritisedresourcesreturningthreeRankineunitsinJuly
torunforuptothreemonthsasrequired,inconjunctionwithUnit5. Operationofthereserve
Rankineunitis contingentonongoingstaffing,unitreliabilityandfuelavailability.
Asa resultofgasshortagesandhydrolevels,solidfuelsupplyatHuntlydeclinedto231kTin
theperiod. Additionalcoalsupplieshavebeenpurchasedandthefirstimportsweredelivered
toHuntlyinJuly2024.Genesisintendstoholda stockpileofapproximately350kT. Additional
stockswillonlybeheldtosupportcontractswithothermarketparticipants. Thesaleprocess
forHuntlyFirmingOptionscontracts,whichenableparticipantstocontributetofuelsecurity,
is nearingconclusionwithfinalnegotiationsongoingwithmultiplebidders.
Genesis’retailbusinesscontinueditsstrongperformanceduringthequarter,withgrowthin
customernumbersanda 3.5%increaseinthevolumeofelectricitysold. Thefirststageofthe
reviewofitsretailoperatingmodelwasalsoconcluded. Inlinewithplans,130FTEwere
disestablishedacrossemployees,contractorsandvacancies. Duringthisperiodadditional
resourceswereaddedtostrategicallyalignedareassuchastrading,fuelsstrategyandasset
development. Timeboundrolescommittedtodigitalprojectsincreasedinlinewithstrategy.
TheCompanyremainsontrackfora 200FTEreductionincorebusinesspositionsbyFY26.
LauristonSolarFarm
ConstructionisprogressingwellfortheGenesis-FRVjointventuresolarfarmatLauriston,
Canterbury. Followingsiteestablishmentworkinthefirsthalfoftheyear,pilingisnearing
completionandkeyequipment,includingthemajorityofsolarpanels,areonsite.EA
NetworksconnectionworksareprogressingwellandfirstgenerationremainsontrackforQ2
FY25.
PerformanceHighlights
Note that an additional 24 contractor roles were disestablished in the period.

Genesis Energy Limited FY24 Q4 Performance Report 4.
Operating Performance
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.
ELECTRICITY
Q4 FY24Q4 FY23VarianceYTD FY24YTD FY23
VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$mVolume
Rate per unit$m VolumeRate per unit$m
Retail Resi Electricity847 GWh$283/MWh239.9 787 GWh$282/MWh
221.8
59 GWh$2/MWh
18.1
3,095 GWh$285/MWh
881.1
2,903 GWh$276/MWh
800.1
Retail SME Electricity243 GWh$266/MWh64.4 232 GWh$256/MWh
59.4
11 GWh$9/MWh
5.1
1,009 GWh$258/MWh
260.5
968 GWh$251/MWh
243.1
Retail C&I Electricity446 GWh$223/MWh99.5 462 GWh$204/MWh
94.4
(16)GWh$19/MWh
5.1
1,816 GWh$196/MWh
355.7
1,792 GWh$169/MWh
303.2
Total Retail Sales1,536 GWh$263/MWh403.9 1,481 GWh$254/MWh
375.6
54 GWh$9/MWh
28.2
5,919 GWh$253/MWh
1,497.3
5,663 GWh$238/MWh
1,346.4
Wholesale Electricity Sales1,792 GWh$257/MWh460.4 1,493 GWh$95/MWh
141.6
298 GWh$162/MWh
318.8
5,960 GWh$188/MWh
1,121.0
5,858 GWh$95/MWh
554.0
Generation Costs - Thermal1,258 GWh$113/MWh142.3 617 GWh$91/MWh
56.3
642 GWh$22/MWh
86.1
3,282 GWh$114/MWh
374.0
2,177 GWh$94/MWh
204.5
Generation Costs - Renewable533 GWh-
-
877 GWh-
-
(343)GWh-
-
2,677 GWh-
-
3,680 GWh-
-
Generation Costs - Total1,792 GWh$79/MWh142.3 1,493 GWh$38/MWh
56.3
298 GWh$42/MWh
86.1
5,960 GWh$63/MWh
374.0
5,858 GWh$35/MWh
204.5
Retail Purchases
Retail Purchases1,620 GWh$257/MWh416.1 1,564 GWh$91/MWh
141.6
57 GWh$166/MWh
274.5
6,229 GWh$182/MWh
1,135.5
5,956 GWh$88/MWh
526.0
Transmission and Distribution Costs156.5
143.1 13.4 567.7 535.7
GASVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Retail Resi Gas0.7 PJ$47.4/GJ32.0 0.6 PJ$43.5/GJ
28.0
0.0 PJ$3.8/GJ
4.0
2.5 PJ$47.0/GJ
116.8
2.4 PJ$42.8/GJ
104.0
Retail SME Gas0.4 PJ$28.1/GJ11.8 0.3 PJ$28.6/GJ
9.9
0.1 PJ-$0.5/GJ
1.9
1.5 PJ$28.9/GJ
42.6
1.3 PJ$28.0/GJ
37.0
Retail C&I Gas0.8 PJ$23.9/GJ20.1 0.9 PJ$20.3/GJ
19.1
(0.1) PJ$3.5/GJ
1.0
3.1 PJ$22.5/GJ
69.0
3.4 PJ$20.4/GJ
70.1
Total Retail Sales1.9 PJ$33.0/GJ63.9 1.9 PJ$29.6/GJ
57.0
0.0 PJ$3.4/GJ
7.0
7.0 PJ$32.5/GJ
228.3
7.2 PJ$29.4/GJ
211.0
Wholesale Sales0.0 PJ$20.8/GJ0.4 0.1 PJ$6.3/GJ
0.3
(0.0) PJ$14.6/GJ
0.0
0.2 PJ$12.8/GJ
2.6
2.8 PJ$7.9/GJ
22.2
Cost of Gas2.0 PJ$12.8/GJ25.0 2.0 PJ$10.0/GJ
19.8
(0.0) PJ$2.8/GJ
5.2
7.2 PJ$9.9/GJ
71.5
10.0 PJ$9.2/GJ
92.4
Transmission and Distribution Costs26.1
22.0 4.1 92.9 80.1
LPGVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Bottled LPG Sales5.1 kt$3,317/t17.0 5.0 kt$3,057/t
15.2
0.2 kt$261/t
1.9
19.2 kt$3,199/t
61.3
19.0 kt$2,906/t
55.3
SME & Other Bulk LPG Sales6.5 kt$1,844/t12.0 6.0 kt$1,696/t
10.2
0.5 kt$148/t
1.8
24.2 kt$1,806/t
43.7
24.8 kt$1,668/t
41.4
Total Retail Sales11.6 kt$2,493/t29.0 11.0 kt$2,309/t
25.4
0.6 kt$184/t
3.6
43.3 kt$2,423/t
105.0
43.9 kt$2,206/t
96.8
Wholesale LPG Sales1.9 kt$1,031/t2.0 1.7 kt$921/t
1.6
0.2 kt$111/t
0.4
6.2 kt$1,012/t
6.3
7.3 kt$1,068/t
7.8
LPG Cost13.6 kt$967/t13.1 12.7 kt$1,597/t
20.3
0.9 kt-$630/t
(7.2)
49.6 kt$1,007/t
50.0
51.2 kt$1,090/t
55.8
KUPEVolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m VolumeRate per unit$m
Oil Sales0 Kbbl$0.0/bbl
(4.1)
1
79 Kbbl$80.7/bbl
6.4
(78.7)KbblN/A
(10.4)
109 Kbbl$93.7/bbl
10.2
254 Kbbl$100.7/bbl
25.6
Gas Sales2.0 PJ$8.3/GJ16.2 1.9 PJ$8.7/GJ
16.9
0.0 PJ-$0.4/GJ
(0.7)
7.0 PJ$8.1/GJ
56.5
8.4 PJ$7.6/GJ
63.9
LPG Sales8.7 kt$539/t4.7 9.0 kt$1,473/t
13.3
(0.3)Kt-$934/t
(8.6)
30.0 kt$531/t
15.9
36.5 kt$705/t
25.8
1.Cost due to settlement of FX and oil hedges in the period.

Genesis Energy Limited FY24 Q4 Performance Report 5.
Operating Metrics
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.
RETAIL SEGMENTQ4 FY24Q4 FY23% ChangeVar.Q3 FY24% ChangeVar.YTD FY24YTD FY23
RETAIL
Brand Net Promoter Score - Genesis Energy2125(16.0%)-41910.5% 2
Interaction Net Promoter Score - Genesis554134.1% 1456(1.8%)-1
Gross Customer Churn (3 month rolling average, %)22.5% 20.3% 10.5% 2.1% 19.6% 14.8% 2.9%
Net Customer Churn (3 month rolling average, %)14.3% 12.8% 11.7% 1.5% 12.8% 11.2% 1.4%
Electricity Netback ($/MWh)$150.25 $145.59 3.2%$4.66 $142.75 5.3%$7.50 $146.46 $133.09
Gas Netback ($/GJ)$18.38 $16.74 9.8%$1.64 $18.56 (1.0%)($0.18)$17.72 $17.12
LPG Netback ($/t)$1,486.86 $1,216.82 22.2%$270.04 $1,287.35 15.5%$199.51 $1,357.08 $1,169.59
CUSTOMER NUMBERS
Customers > 1 Fuel150,557 142,987 5.3%7,570 149,750 0.5%807 150,557 142,987
Electricity Only Customers305,347 294,541 3.7%10,806 302,687 0.9%2,660 305,347 294,541
Gas Only Customers10,821 11,918 (9.2%)(1,097)11,164 (3.1%)(343)10,821 11,918
LPG Only Customers29,871 34,275 (12.8%)(4,404)31,151 (4.1%)(1,280)29,871 34,275
Total Customers496,596 483,721 2.7%12,875 494,752 0.4%1,844 496,596 483,721
Electricity ICPs Active-Occupied518,713 497,654 4.2%21,059 514,080 0.9%4,633 518,713 497,654
Gas ICPs Active-Occupied109,679 108,060 1.5%1,619 109,991 (0.3%)(312)109,679 108,060
LPG Customer Connections (#) 91,712 91,009 0.8%703 92,202 (0.5%)(490)91,712 91,009
Total ICPs720,104 696,723 3.4%23,381 716,273 0.5%3,831 720,104 696,723
WHOLESALE SEGMENTQ4 FY24Q4 FY23% ChangeVar.Q3 FY24% ChangeVar.YTD FY24YTD FY23
GENERATION
Generation Emissions (ktCO2)1,009 293 244.2% 716 441 128.0% 566 2,440 1,073
Generation Carbon Intensity (tCO2/GWh)562 196 186.4% 366 343 63.8% 219 409 183
Rankine Output (GWh)743 105 607.6% 638 290 156.2% 453 2,332 434
Rankines Fuelled by Coal (%)99% 11% 791.9% 88% 67% 47.6% 32% 59% 22%
Total Gas Purchases (PJ)6.3 7.3 (14.8%)(1.1)5.4 15.8%0.9 25.4 28.0
Total Coal Purchases (PJ)--N/A --N/A --3.1
Electricity CFD Purchases - Wholesale (GWh)385 319 20.9% 67 549 (29.8%)(163)1,966 1,349
Electricity CFD Purchase Price - Wholesale ($/MWh)$178 $158 12.9%$20 $150 18.8%$28 $146 $124
Electricity CFD Sales - Wholesale (GWh)384 392 (2.1%)(8)373 3.0% 11 1,623 2,000
Electricity CFD Sale Price - Wholesale ($/MWh)$169 $131 28.7%$38 $152 11.0%$17 $147 $132
Gas Used In Internal Generation (PJ)4.1 5.2 (21.4%)(1.1)4.2 (1.6%)(0.1)18.1 17.8
Weighted Average Gas Burn Cost ($/GJ)$12.3 $10.0 23.1% $2.3 $10.1 21.4% $2.2 $10.3 $9.7
Coal Used In Internal Generation (PJ) 8.1 0.2 nm 7.9 2.2 263.7% 5.8 15.0 1.2
Weighted Average Coal Burn Cost ($/GJ)$8.0 $7.9 0.7% $0.1 $8.0 (0.0%)($0.0)$8.0 $7.9
Coal Stockpile - closing balance (kilotonnes)231 962 (75.9%)(730)624 (62.9%)(392)
POWER PURCHASE AGREEMENTS
Wind (GWh) - New93 95 (1.8%)(2)105 (11.5%)(12)457 425
Average Price Received for PPA - GWAP ($/MWh)$223.90 $57.77 287.6% $166.13 $147.99 51.3% $75.91 $143.84 $60.49

Genesis Energy Limited FY24 Q4 Performance Report 6.
Operating Metrics
All prices and volumes in this report are unaudited and subject to change. Reported numbers have been rounded and might
not appear to add or multiply.
.
1.The severity and classification of injuries are subject to change based on medical assessment and acceptanc e by ACC. This mayresult in historical restatement.
2.Headcount reporting has been updated to differentiate between core staff and staff employed for digital projects..
KUPE SEGMENTQ4 FY24Q4 FY23% ChangeVar.Q3 FY24% ChangeVar.YTD FY24YTD FY23
KUPE
Oil Production (kbbl)43 46 (5.3%)(2)46 (6.0%)(3)158 204
Average Brent Crude Oil (USD/bbl)$84.94 $78.38 8.4%$6.56 $83.25 2.0%$1.69 $85.09 $87.30
LPG Production (kt)8.7 8.5 2.5%0.2 8.8 (1.3%)(0.1)30.1 36.3
LPG Production Yield (t/TJ)4.4 4.4 1.5%0.1 4.3 3.4%0.1 4.3 4.3
OTHERQ4 FY24Q4 FY23% ChangeVar.Q3 FY24% ChangeVar.YTD FY24YTD FY23
CORPORATE
Total Headcount (FTE)1,2551,268 (1.0%)(13)1,265 (0.8%)(10)1,255 1,268
Core Headcount (FTE)1,214
Digital Projects Headcount (FTE)41
Total Recordable Injuries1414 0.0%-3 366.7%11 48 50

6.0
6.5
7.0
7.5
8.0
8.5
9.0
0.0
0.5
1.0
1.5
2.0
2.5
3.0
FY21
Q1
Q2Q3Q4FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Gas Sales Volume (PJ)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
30,000
40,000
50,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
FY21
Q1
Q2Q3Q4FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
LPG Sales Volume (Tonnes)
Quarterly Bottled LPG Sales VolumesQuarterly Bulk & SME LPG Sales Volume
Rolling 12-month Sales Volume (RHS)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
FY21
Q1
Q2Q3Q4FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Electricity Sales Volume (GWh)
Quarterly Resi Sales VolumesQuarterly SME Sales Volumes
Quarterly C&I Sales VolumesRolling 12-month Sales Volume (RHS)
Genesis Energy Limited FY24 Q4 Performance Report 7.
Appendix: Retail Segment

0
1,000
2,000
3,000
4,000
5,000
AprMayJunJulAugSepOctNovDecJanFebMarAprMayJun
New Zealand Daily Storage (All Generators, GWH)
Long Run Average Storage12 Month Storage
0
50
100
150
200
250
AprMayJunJulAugSepOctNovDecJanFebMarAprMayJun
Waikaremoana Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
0
100
200
300
400
500
600
700
800
900
1,000
AprMayJunJulAugSepOctNovDecJanFebMarAprMayJun
Tekapo Storage vs. Long Run Average (GWh)
Long Run Average Storage12 Month Storage
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
AprMayJunJulAugSepOctNovDecJanFebMarAprMayJun
Tongariro Generation (GWh/Day)
20 Year Average7 Day Rolling Average
Genesis Energy Limited FY24 Q4 Performance Report 8.
Appendix: Wholesale Segment

0%
20%
40%
60%
80%
100%
$0
$20
$40
$60
$80
$100
$120
$140
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Portfolio & Thermal Fuel Costs
Weighted Average Fuel Cost - Thermal ($/MWh)
Weighted Average Fuel Cost - Portfolio ($/MWh)
Renewable Contribution to Total Generation (RHS, %)
$70
$90
$110
$130
$150
$170
$190
$210
$230
$250
Jul-21Oct-21Jan-22Apr-22Jul-22Oct-22Jan-23Apr-23Jul-23Oct-23Jan-24Apr-24
ASX Futures Spot Pricing ($/MWh)
1-Year Contract2-Year Contract3-Year Contract
0
500
1,000
1,500
2,000
2,500
FY21
Q1
Q2Q3Q4FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Generation by Power Station (GWh)
North Island HydroSouth Island HydroHuntly Units 1 to 4 Gas
Huntly Units 1 to 4 CoalHuntly Unit 5Huntly Unit 6
Wind
Genesis Energy Limited FY24 Q4 Performance Report 9.
Appendix: Wholesale Segment

$0
$20
$40
$60
$80
$100
$120
JulAugSepOctNovDecJanFebMarAprMayJun
Brent Crude Oil Spot Price (USD/bbl)
12 Months to Jun 2312 Months to Jun 24
0
50
100
150
200
250
300
350
0.00
20.00
40.00
60.00
80.00
100.00
120.00
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Kupe Oil Production Volume (Genesis Share, kbbl)
Quarterly Production VolumeRolling 12 Month Production Volume (RHS)
0.00
2.00
4.00
6.00
8.00
10.00
12.00
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
FY22
Q1
Q2Q3Q4FY23
Q1
Q2Q3Q4FY24
Q1
Q2Q3Q4
Kupe Gas Sales Volume (Genesis Share, PJ)
Quarterly Sales VolumeRolling 12 Month Sales Volume (RHS)
Genesis Energy Limited FY24 Q4 Performance Report 10.
Appendix: Kupe Segment

Glossary – Performance
Genesis Energy Limited FY24 Q4 Performance Report 11.
Electricity
Retail Sales Residential
Sales of electricity to residential customers
Retail Sales SMESales of electricity to small business customers
Retail Sales C&ISales of electricity to commerc ial and industrial customers
W holesale SalesSale of generated electricity onto the spot market, excluding PPA settlements and ancillary revenue
Generation Costs Direct generation costs, inclusive of fuels and carbon
Retail PurchasesPurchases of electric ity on spot market for retail customers
Transmission and Distribution CostsTotal electricity transmission and distribution costs, connection charges, electricity market levies and meter leasing
Gas
Retail Sales ResidentialSales of gas to residential customers
Retail Sales SMESales of gas to small business customers
Retail Sales C&ISales of gas to commercial and industrial customers
W holesale SalesSales of gas to wholes ale customers
Gas CostPurchase of gas for sale (excludes gas used in electricity generation)
Transmission and Distribution CostsTotal gas transmission and distribution costs, gas levies and meter leasing
LPG
BottledLPGSalesRepresents45kgLPGbottlesales
SME& OtherBulkLPGsalesRepresentsSMEandotherbulkandthi rdpartydistributors
W holesale LPG SalesSales of LPG to wholes ale customers
LPG CostPurchase of LPG for sale
Kupe
Oil SalesSale of crude oil
Gas SalesSale of gas
LPG SalesSale of LPG

Glossary – Operational Metrics
Genesis Energy Limited FY24 Q4 Performance Report 12.
Retail
BrandNetPromoterScoreBasedonsurveyquestion “Howlikelywouldyou betorecommend Genes is/Frank Energyto yourfriendsorfamily?”Calculated on 3 month rolling basis.
InteractionNetPromoterScore
Based on survey question “Based on your recent interaction with Genesis/Frank, how likely would you be to recommendGenesis/Frankto yourfamily/friends?”
Calculated on 3 month rolling basis.
CustomersElectricityand gas customersare defined bysingle customer view,regardless of number ofconnections (ICP’s)
SingleCustomerViewRepresentsuniquecustomerswhichmayhavemultipleICPs
ICPInstallationConnectionPoint, aconnectionpoint thatis bothoccupiedand hasnotbeen disconnected(Active-Occupied)
LPGCustomerConnectionsDefinedasnumberof customers
GrossCustomerChurnDefinedasresidential customersinstigatinga traderswitchorhomemove
NetCustomerChurnDefinedaspercentage of residential customers that finalise in a period.
Resi,SME,C&IResidential,smallandmediumenterprisesandcommercial& industrialcustomers
B2BBusinesstoBusiness,includingbothSMEandC&I
Netback($/MW h,$/GJ,$/tonne)
Customer EBITDAF by fuel type plus respective fuel purchase cost divided by total fuel sales volumes, stated in native fuel units (excluding corporatealloc ation costs and
Technology& Digital cost centre)

Glossary – Operational Metrics
Genesis Energy Limited FY24 Q4 Performance Report 13.
Wholesale
Electricity Financial Contract Purchases –W holesale
(GW h)
Settlement volumes of generation hedge purchases, including exchange traded and OTC contracts. Excludes PPAs, active trading,Financial Transmissions Rights
(FTRs) and Cap/Collar/Floor contracts
Electricity Financial Contract Purchases –W holesale Price
($/MW h)
Average price paid for Electricity Financ ial Contract Purchases – W holesale
Electricity Financial Contract Sales –W holesale (GW h)Settlement volumes of generation hedge sales, including exchange traded and OTC contracts. Excludes PPAs, active trading, Financial Transmissions Rights (FTRs)
and Cap/Collar/Floor contracts
Electricity Financial Contract Sales –W holesale Price
($/MW h)
Average price paid for Electricity Financ ial Contract Sales – W holesale
Generation Emissions Carbon emissions due to coal and gas electricity generation
Rankine OutputElectricity generated in the Huntly Rankine units
Rankine’sFuelledbyCoal(%)Theproportionofcoalusedin theRankineunits
Weighted Average Gas Burn Cost ($/GJ)Totalcost ofgas burntdivided bygeneration fromgas firedgeneration, excludingemissions
CoalUsedInInternalGeneration(PJ)Resultsmayberevisedtoreflect changesin coalkilotonnesto PJconversionrateandvolume methodology
Weighted Average CoalBurn Cost ($/GJ)Totalcostof coalburntdivided bygenerationfrom coalfired generation,excludingemissions
CoalStockpile– closing balance (Kt)Thecoalstockpile closingbalanc e intonnesatHuntly Power Station
Powerpurchaseagreements
W ind(GW h)Energypurchasedthroughlongtermagreementswithgenerator
AveragePriceReceivedforGeneration- GW AP
($/MW h)
Pricereceivedatproductionnode.(E.g.W aipipi atW VY1101node)
Corporate
Total RecordableInjuries12-monthrollingTotalRecordableInjuries including LostTimeInjuries, RestrictiveW orkInjuries andMedicalTreatmentInjuries
Headcount (FTE)Based on full time equivalent employees.
Core Headcount (FTE)Relates to core business activities
Digital Projects Headcount (FTE)Relates to time bound digital projects
Kupe
OilProductionProduction of crude oil
OilPricerealis ed(USD/bbl.)Theunderlyingbenchmarkcrude oilpricethat is usedto setthepricefor crudeoilsales
LPG ProductionProduction of LPG

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